Comcast to sell "substantial portion" of stake in A&E

NEW YORK (Reuters) - Comcast Corp's NBCUniversal business exercised an option to sell "a substantial portion" of its stake in A&E Television Networks to joint-venture partners, a filing from the media company showed. Comcast, which owns almost 16 percent of A&E, exercised the option on March 26 and expects the deal to close in the second half of 2012, the company said in a filing with the Securities and Exchange Commission earlier this week. "The parties are still discussing how much of the stake will be sold," The Wall Street Journal reported, citing a person familiar with the matter. ...

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NEW YORK (Reuters) - Comcast Corp's NBCUniversal business exercised an option to sell "a substantial portion" of its stake in A&E Television Networks to joint-venture partners, a filing from the media company showed.

Comcast said its NBCUniversal unit exercised an option to sell "a substantial portion" of its stake in A&E Television Networks to joint-venture partners, a transaction that could be worth about $2 billion.

MILAN: The key investor in Pininfarina and its creditor banks are still seeking to agree a sale of the indebted Italian car designer to Indian vehicle maker Mahindra & Mahindra, two sources close to the matter said. The sources said the parties involved were trying to reach at least a preliminary accord by the end of July after failing to strike a deal before a shareholder meeting on April 29. Pininfarina declined to comment. Mahindra did not answer a request for comment. Leading creditor banks UniCredit and Intesa Sanpaolo had no immediate comment.

(Reuters) - Trian Fund Management LP, founded by activist investor Nelson Peltz, has partially sold its stake in State Street Corp , the Wall Street Journal reported, citing people familiar with the decision. It was not clear how much Trian still owns of State Street, the world's No. 2 stand-alone custody bank. The size of its stake is likely to be disclosed next month as part of the New York investment firm's overall holdings, the Journal said. (http://link.reuters. ...

Sycamore Partners, which recently bought Jones Group, Talbots and Hot Topic, is considering a bid for Sears Canada Inc, the New York Post reported, citing a person familiar with the matter.
Eddie Lampert, who owns a controlling stake in Sears Holdings Corp, expects up to US$2 billion for the 176-store chain, the New York Post said.
Sycamore Partners and Sears Holdings declined to comment on the report.